VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 73,100 Docusign Inc. $DOCU

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Docusign Inc. (NASDAQ:DOCU) in the 2nd quarter, HoldingsChannel reports. The fund bought 73,100 shares of the company’s stock, valued at approximately $3,247,000.

A number of other hedge funds also recently made changes to their positions in DOCU. BlackRock Inc. acquired a new position in shares of Docusign during the second quarter worth approximately $927,059,000. California State Teachers Retirement System raised its stake in Docusign by 4,016.6% during the 2nd quarter. California State Teachers Retirement System now owns 9,960,652 shares of the company’s stock valued at $442,452,000 after acquiring an additional 9,718,686 shares in the last quarter. Norges Bank bought a new stake in Docusign during the 4th quarter valued at $186,795,000. Arrowstreet Capital Limited Partnership boosted its position in Docusign by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock worth $250,568,000 after acquiring an additional 2,283,996 shares during the period. Finally, Capital World Investors grew its stake in shares of Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after purchasing an additional 1,603,900 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Docusign News Roundup

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign’s AI strategy is gaining traction: its Intelligent Agreement Management platform now generates more than 15% of recurring revenue. The company recently exceeded quarterly earnings and revenue estimates and raised its guidance, easing concerns that artificial intelligence could disrupt its core e-signature business. Docusign’s AI Push Is Giving Investors a Reason to Rethink the Stock
• Positive Sentiment: The company unveiled an open Model Context Protocol server designed to improve integrations between enterprise AI tools and Docusign’s platform. The initiative could support broader adoption of its digital-contract and workflow products. DocuSign unveils open MCP server
• Neutral Sentiment: Analysts have raised several price targets following the earnings report, including Piper Sandler to $75 and Robert W. Baird to $72. However, both maintained neutral ratings. Docusign’s consensus rating remains “Hold,” with an average target of $67.33, indicating limited near-term upside at recent trading levels.
• Negative Sentiment: CFO Blake Grayson disclosed multiple sales totaling 45,000 shares for approximately $3.1 million, reducing his direct holdings by roughly 36% across the reported transactions. Although the sales were executed under a pre-arranged Rule 10b5-1 plan, the size and concentration of the disposals may weigh on investor sentiment, particularly as the stock has declined over the past year. DocuSign CFO Sells 45,000 Shares

Insider Activity

In related news, CFO Blake Grayson sold 15,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $65.57, for a total value of $983,550.00. Following the completion of the transaction, the chief financial officer owned 81,429 shares in the company, valued at $5,339,299.53. This trade represents a 15.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $273,240.00. Following the completion of the transaction, the executive owned 89,972 shares of the company’s stock, valued at approximately $4,097,324.88. The trade was a 6.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 135,602 shares of company stock valued at $7,407,299 in the last ninety days. 0.59% of the stock is owned by company insiders.

Docusign Stock Down 1.0%

Shares of DOCU stock opened at $64.45 on Thursday. The stock has a 50-day simple moving average of $56.95 and a 200 day simple moving average of $50.35. The stock has a market capitalization of $12.05 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.51 and a beta of 0.90. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $86.65.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million for the quarter, compared to analysts’ expectations of $867.22 million. During the same period in the previous year, the business earned $0.30 earnings per share. Docusign’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Docusign Inc. will post 2.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler raised their price target on Docusign from $52.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Morgan Stanley increased their target price on shares of Docusign from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. BTIG Research raised their target price on shares of Docusign from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their price target on shares of Docusign from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Finally, Wedbush reduced their price target on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.33.

About Docusign

Docusign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, Docusign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, Docusign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

Docusign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.